With a capital gain of 48.39% for the last 12 months, Tennant Creek, 0860 has performed for property investments than its average annual 6.92% property growth over the last 5 years.
Tennant Creek,0860 was ranked 2243 in Australia by increase in median property value over the quarter.
In the last year 23 properties changed hands in Tennant Creek, which puts it as the 21th most active market in NT when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 9.50% based on the median price in Suburb
Information supplied by:
Tennant Creek, NT – Occupancies stay low
Median house price: $190,000
Vacancy rate: 0.6%
Three-year growth: -24.0%
Tennant Creek showcases the heart of the Outback, with a wealth of history, nature and culture. The last gold rush in Australia happened in this area in the 1930s, and since then, it has been known as the Top End’s “heart of gold.”
The Battery Hill Mining Centre celebrates this heritage by offering an underground tour. The Warumungu people reside here, and the Nyinkka Nyunyu Art and Culture Centre pays tribute to the native culture next to the Winanjjikari Music Centre. Lake Mary Ann is a picturesque swimming spot that can be reached via a walking trail through the Honeymoon Ranges.
After prolonged period of decline, Tennant Creek is picking up, with vacancy rates remaining quite tight.